Wednesday, September 17, 2014

/ Remove the first tranche of tax: who pays? – Monitor grants

/ Remove the first tranche of tax: who pays? – Monitor grants

Manuel Valls announced that the government planned to remove the first slice of the income tax . Who will pay?

Delete the # 1 & XE8, re installment of the imp & # xF4, t: who will pay?

To reduce taxes by $ 6 million households (see Decline in income tax for 6 million households in 2015), the government wants therefore delete the first installment of income tax in the Finance Act 2015 first tranche of IR case of income between 6000 and 12000 euros, currently taxed at 5.5%.

first tranche of the tax schedule on income could be removed [...] It’s part of the proposals we will submit to Parliament and therefore the tax will suddenly lightened to more than 6 million households, middle classes “, told the Prime Minister of France Inter micro. Manuel Valls So talking about a decrease in income tax for the middle class … What is it really?

If the government simply removes the 1st installment of income tax , then all

taxpayers will be affected by this tax cut . The portion of income to EUR 11 991 would not be taxed and slice 14% begin at 11 euros and 991 would become the first tax floor. Benefit all taxpayers measurement (37 million tax households), which represent a shortfall from March to May billion per year for the state .

Gold Manuel Valls announced that the Tax reduction only affect 6 million homes. deleting the first installment of income tax therefore concern that taxpayers whose income tax reference is less than EUR 11 991. Taxpayers with income tax reference exceeds 11 991 euros will continue to pay the first tranche of 5.5% and the second at 14%, etc …

deleting the first slice of the income tax therefore concern only the lowest incomes, not middle class, contrary to Manuel Valls dares dishonestly claim. In the end, shortfall for the state should represent 710 million . Who will pay the bill? The middle classes

source: lefigaro.fr

Posted by Editor on 9/17/14

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